Orient Paper & Industries Ltd

Nifty 18,800Sensex 5,640Script DetailsEquity Capital ` 20.29 CrFace Value ` 1Market Cap ` 1103.1652 Weeks High/Low 66.20/42.606-month avg. volume(BSE) 12,328(NSE) 42,634Shareholding Pattern As On Mar’10 (%)Promoters 33.7%Corporate Bodies & 52%InstitutionsPublic 14.3%14%34%52%PROMOTER CB & INST PUBLICRecommendation: BUY Coverage Initiated on: 7 th Sep, 2010BSE Code: 502420 Bloomberg Code: OPI IN MP as on 7 th Sep: ` 61NSE Code: ORIENTPPR Reuters Code :ORPP.BO CMP: ` 62OverviewOrient Paper & Industries (OPIL) was incorporated in 1939 as Orient Paper Mills. The companyentered into manufacturing of fans in 1954 by setting up Calcutta Electrical ManufacturingCompany, which toady is known as Orient Fans.The name was later changed to the present one in the year 1978. Back then the company’s corebusiness was manufacturing of paper.OPIL is part of the C K Birla Group. . Today it has emerged as a multi-product, multi locationcompany.ProductsPaper- The company’s manufacturing facility is located at AMLAI in Madhya Pradesh. This planthas capacity to produces a variety of paper of grades and types. It has also set up facilities toproduce spectrum of soft tissue paper. OPIL paper products are exported to countries likeAfrica, Middle East, Bangladesh, Sri Lanka and Nepal.The company has set up Pan African Paper Mills in Kenya in partnership with government ofKenya and International Finance Corporation.Fans- The company manufactures and markets range of fans under the name Orient Fans. Itmanufactures ceiling fans, desk fans, wall-mounted fans, pedestal fans, exhaust fans and multi-utility fans. It has production capacity of over 3 million units per annum.The company became first in India to introduce various technologies in order to increase itsproductivity such as die-casting of the rotor and fan body cover in ceiling fans, semi automaticcoil-winding process, Dual assembly line system, automatic coil winding and many more.Cement- The company’s cement unit is located at Devapur in Andhra Pradesh and also atJalgaon, Maharashtra. It has a total production capacity of 5 million tonnes of cement perannum. OPIL produces ordinary portland cement of two grades 43 and 53. It also producesportland cement.